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14550 Torrey Chase BLVD, Ho...

Hartman Income REIT Secures Office Leases In Houston Totaling 31,679 Sq Ft
LEASED

Hartman Income REIT Secures Office Leases In Houston Totaling 31,679 Sq Ft

14550 Torrey Chase BLVD, Houston, T...

Building Size

7,948 SF

Asset Type

Closing

Nov 22, 2023

AI

14550 Torrey Chase Blvd in Houston features a lease of 7,948 square feet that is part of a larger agreement involving multiple properties owned by Hartman Income REIT. This transaction is situated within the Houston market.

Summary of transation details:

In this deal, property management firm Chaparral Management Co. Inc. secured a 12-month lease. Hartman Income REIT was represented internally by Richard Maloof and Rod Hale in this transaction.

Players

Richard Maloof

Industry Partners

Broker

$16.9M

vol

8 deals

Broker
HI
Hartman Income REIT Management, IncLandlord

Houston CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93